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Property profile & analytics
FOR LEASE
Retail space
1701 North Federal Hwy Fort Lauderdale, FL 33305
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-0839005
For Lease
1 / 4
$6,460,000
1701 North Federal Hwy, Fort Lauderdale, FL 33305
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Construction
CONCRETE
Total area
11,387 SF
Lot
0.82 ac (35,609 SF)
Zoning code
B-1
APN
49-42-36-13-0630
UPID
US18-0839005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Burger King Restaurant
-
BC Surf & Sport in Ft. Lauderdale (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.28M
Blend (final)
Blend
$6.46M
Owner & transaction history
Burger King Company LLC · 3 yrs held
Burger King Company LLC
since 2023
4 recorded transactions
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.7M
+125.1%
Auto repair, garage
$9.2M
+113.6%
Neighborhood: shopping center
$8.6M
+98.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fort Lauderdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Lauderdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$4,320,000
Current use
RESTAURANT
$9,725,000
Change: +125% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,230,000
Change: +114% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$8,570,000
Change: +98% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,900,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$5,390,000
Change: +25% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,350,000
Change: +24% · Conversion: Difficult
MEDICAL BUILDING
$5,305,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.46M
Range $5.81M – $7.11M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$567 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$69,959
Tax year 2023
Assessed value
$3,298,640
Assessed 2023
Previous assessed
$3,055,750
+7.9% YoY
Effective rate
2.12%
On assessed value
Assessed land
$890,230
Assessed improvement
$2,408,410
Land market value
$890,230
Improvement market value
$2,408,410
Total market value
$3,298,640
Applied tax rate
312.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
YES
Stories
1
Total area
11,387 SF
Lot
0.82 ac (35,609 SF)
Zoning code
B-1
APN
49-42-36-13-0630
UPID
US18-0839005
Jurisdiction
BROWARD
Metro division
FORT LAUDERDALE-POMPANO BEACH-DEERFIELD BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Fort Lauderdale, FL
Zoning B-1 · permitted uses
B-1 · Fort Lauderdale, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fort Lauderdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.3M
RESTAURANT
Est. value
$9.7M
AUTO REPAIR, GARAGE
Est. value
$9.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.6M
COMMERCIAL (GENERAL)
Est. value
$5.9M
OFFICE BUILDING
Est. value
$5.4M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Burger King Company LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1721 N FEDERAL HWY, FORT LAUDERDALE, FL 33305-2542
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2023
—
Burger King Company LLC
Burger King Corp
Deed
related
—
Jan 5, 2005
—
Kylash LLC
—
Trustees Deed
related
$1,150,000 · Bank Of America
Dec 15, 2004
—
Kylash LLC
Keshigian,robert & Deborah S
Warranty Deed
related
—
Nov 6, 2002
$800,000
Robert Keshigian
Holy Cross Long Term Care INC
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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